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(Current yield) Assume you have a bond with a semi-annual interest payment of $30, a par value of $1,000, and a current market price of

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(Current yield) Assume you have a bond with a semi-annual interest payment of $30, a par value of $1,000, and a current market price of $770. What is the current yield of the bond? The current yield of the bond is \%. (Round to two decimal places.)

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